Topic
bids
Commodities India Opens Bids for ₹37,500 Crore Coal Gasification Scheme to Boost Energy Security
The Indian government has invited proposals for setting up coal and lignite gasification projects under a ₹37,500 crore incentive scheme launched in May 2026. The scheme aims to produce syngas and downstream products like SNG, urea, and methanol, reducing import dependence and utilizing domestic coal. Key dates include a September 7 application deadline and a November 4 Letter of Award issuance.
Business Persistent Systems Launches $1.3 Billion Bid to Acquire Germany's Nagarro
Persistent Systems has launched an all-cash bid of about $1.3 billion to acquire Germany's Nagarro, in one of the largest cross-border acquisitions by an Indian IT services company. The deal, offering €81 per share, would create a $2.9 billion digital engineering and AI powerhouse with over 46,000 employees and is expected to close by March 2027.